JC Flowers And Chinese Sovereign Wealth Fund China Investment Co Bid For Lehman Brothers In 2008

JC Flowers & Company refers to the equity group running privately. The foundation of this firm was laid in the year 2001 and it is located in New York City. The operation of the company is carried by the billionaire namely J. Christopher Flowers, who had been a partner of Goldman Sachs. Two of its divisions are comprised of J.C. Flowers II L.P. as well as J.C. Flowers I L.P that are concentrated on the financial services sector.

One can avail a lot of information about this firm by visiting the official website which it maintains as http://www.jcfco.com. JC Flowers that is situated in Europe is looked after by the managing directors namely Renate Krummer as well as Ravi Sinha. The investments made by JC Flowers are comprised of Hypo Real Estate Group, Enstar Group, HSH Nordbank AG, NIBC Bank N.V. as well as Shinsei Bank.

An investor group that was headed by JC Flowers in the middle of the year 2007 entered into an agreement relating to the buying of Sallie Mae for an amount of $25 billion by giving away 50.2 percent of the company to JC Flowers and Friedman Fleischer & Lowe.

However this deal could not get converted. JC Flowers happened to be one of the companies that opted to bid for the problematic British Bank, Northern Rock towards the offset of the year 2007. They withdrew in the month of December. Further JC Flowers turned up with an informal bid amounting to £4bn for Friends Provident as on January 21, 2008.

As per the reports on March 14 2008, JC Flowers was believed to be planning to make a purchase of disturbed US investment bank namely Bear Stearns. JC Flowers came up with an offer to purchase 24.9% of the shares belonging to Hypo Real Estate Group as on April 16 in the year 2008 for an amount of €22.50 per share. As per the reports on September 12, 2008 J.C. Flowers as well as the Chinese sovereign wealth fund China Investment Co. are giving consideration in a joint tender for Lehman Brothers Holdings Inc. JC Flowers